Polar Power (NASDAQ:POLA) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA – Get Rating) in a research note issued on Wednesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Polar Power stock opened at $1.23 on Wednesday. Polar Power has a 52-week low of $1.00 and a 52-week high of $4.02. The firm has a 50-day moving average price of $1.24 and a two-hundred day moving average price of $1.59.

Polar Power (NASDAQ:POLA – Get Rating) last issued its quarterly earnings data on Monday, May 15th. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter. Polar Power had a negative return on equity of 29.29% and a negative net margin of 33.72%. The business had revenue of $4.19 million for the quarter.

Hedge Funds Weigh In On Polar Power

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Polar Power in the third quarter valued at approximately $39,000. Bard Associates Inc. boosted its stake in Polar Power by 154.9% during the 4th quarter. Bard Associates Inc. now owns 239,733 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 145,700 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Polar Power by 5.7% during the 1st quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock valued at $344,000 after purchasing an additional 5,785 shares during the period. Vanguard Group Inc. raised its stake in shares of Polar Power by 87.0% in the 3rd quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock worth $575,000 after buying an additional 108,367 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Polar Power by 3.8% in the third quarter. Baird Financial Group Inc. now owns 316,055 shares of the utilities provider’s stock valued at $781,000 after buying an additional 11,600 shares during the period. Institutional investors and hedge funds own 7.56% of the company’s stock.

About Polar Power

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Polar Power, Inc engages in the design, manufacture, and sell of direct current (DC) power systems. Its products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery system, and Marine DC generators. The company was founded by Arthur D. Sams in 1979 and is headquartered in Gardena, CA.